New apartments proposed across from Echo Park Lake [updated]

ECHO PARK — The Echo Park Neighborhood Council on Wednesday, Jan. 11, is scheduled to review plans for a five-story apartment building to be constructed on a vacant hillside lot across from Echo Park Lake.

Developer and real estate investor Fred Afari paid $8 million for the properties, which included vacant lots, homes, apartments and commercial buildings in Echo Park, according to the L.A. Business Journal. But, Afari who had reportedly planned to build “high-end multifamily” buildings on the vacant lots, is not involved in the Glendale project, said an associate. Afari sold the lot several months ago, she said.

Afari, however, still owns another empty lot across from the lake – at Echo Park and Park Avenues – that was part of his deal with the church. Afari’s company is also in the process of renovating another former church property at the corner of Alvarado and Elsinore streets.

The vacant lot at Glendale Boulevard at Montrose Street is 20,020 sq.ft. and the proposed building’s stories are 4. The developer corrected the numbers before his presentation at the Echo Park –Planning and Land Use meeting on Jan 11.

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